Question

A shopkeeper bought 40 oranges for rs. 200. if the shopkeeper intends to make 20% profits on the oranges, how many oranges must be sold for rs.150? 20 25 28 22 24

Answer 1

The cost price for the 40 oranges is 200.
Now, the shopkeeper intends to make 20% profits on the oranges

Profit = profit% * cost price
         = 20/100 * 200
         = 40
 selling price = cost price + profit

Selling price = 200 + 40
                     = 240 Rs.
Sp for each orange=240/40= 6Rs.
Number of oranges which should be sold for rs150
150/6=25
25 oranges.